Zhi Tong Cai Jing·2025-09-30 06:11Core Viewpoint - Changfei Fiber Optics has experienced a significant decline in stock price, dropping over 7% and nearly 30% from its monthly high, indicating market volatility and investor sentiment concerns [1] Company Summary - As of the latest report, Changfei Fiber Optics' stock is trading at 47 HKD with a trading volume of 1.303 billion HKD [1] - Draka Comteq B.V. has sold 37.5953 million shares of Changfei Fiber Optics through block trading, representing 5% of the total share capital, reducing its holdings to zero [1] - Prior to this sale, Draka Comteq B.V. and China Huaxin Post and Telecommunications Technology Co., Ltd. were the largest shareholders of Changfei Fiber Optics, each holding 23.73% of the shares as of the end of March this year [1] - From April 17 to September 19, Draka Comteq B.V. has cumulatively reduced its holdings by nearly 180 million shares, which is equivalent to 23.73% of the company's total share capital [1] Industry Summary - Morgan Stanley's mid-month report indicated that the positive fundamentals of the optical module industry are widely recognized and reflected in stock prices, suggesting investors consider taking profits during high market sentiment [1] - Despite the optimistic growth outlook for AI infrastructure demand, Morgan Stanley believes that the current level of market enthusiasm is unsustainable [1] - The report highlights that while there are bright spots in Changfei Fiber Optics' high-end fiber business, a reversal in performance still requires validation [1]